Economy: Kuwait heading for disaster

Описание к видео Economy: Kuwait heading for disaster

Bader Al Humaidhi, Former Minister of Finance of Kuwait talks about the price of oil and Kuwait's economy.

Actually it’s a very crucial time for all the oil exporting countries, but mainly for my country Kuwait. As you quite rightly said, I was talking about the subject even when I was the Minister of Finance in 2006/2007. I was worrying about the point at which the oil prices would drop. A drop which is out of our hands and that’s what is happening now. What does that mean for our budget?

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